EnerSys (NYSE:ENS) Short Interest Up 9.4% in November

EnerSys (NYSE:ENS) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,050,000 shares, an increase of 9.4% from the October 31st total of 959,700 shares. Based on an average daily trading volume, of 253,100 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.7% of the shares of the stock are short sold.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.61% of the company’s stock.

Institutional Trading of EnerSys

Several institutional investors and hedge funds have recently made changes to their positions in ENS. Price T Rowe Associates Inc. MD lifted its position in shares of EnerSys by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after acquiring an additional 5,682 shares in the last quarter. Comerica Bank increased its stake in EnerSys by 12.1% in the first quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock valued at $5,367,000 after purchasing an additional 6,133 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in EnerSys by 2,444.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after purchasing an additional 45,881 shares during the last quarter. GAMMA Investing LLC increased its stake in EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in EnerSys in the second quarter valued at $25,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ENS. Roth Mkm restated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EnerSys currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Price Performance

ENS traded down $0.10 during trading on Wednesday, reaching $96.38. 51,419 shares of the stock were exchanged, compared to its average volume of 247,210. The business’s 50 day moving average price is $99.05 and its two-hundred day moving average price is $101.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 0.61 and a beta of 1.22. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The business had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. During the same period in the prior year, the business earned $1.84 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. EnerSys’s dividend payout ratio is currently 13.60%.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.